Dec 12, 2012 1:00pm PST
young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has been unable to do. >> by choice, actually. >> they haven't launched a satellite into orbit. >> south korea has not. this will undoubtedly spur competition with south korea. you'll see that. you'll probably see south korea respond with more batteries and japan will probably already do that. you have heard that we need to spend more. we spend $10 million a year already on a missile system. it has international ramifications that are going to destabilize. this is why the security council is condemning the move. >> so how much of a real threat to the united states, whether hawaii or the west coast, is this? >> we are not threatened any more today than we were yesterday. let me give you one example. iran put a satellite in orbit in 2009.
Dec 5, 2012 8:00pm PST
after his death, kim jong-il looms large over north korea north korea. largely because officials have worked so hard to perpetuate his image. this year aleen north korean authorities erected at least eight statues of the former leader around the country, including one that stands 75 feet tall. they inscribed his name on more than 3,000, quote/unquote, towers of eternal life at crossroads around the country and have plans to renovate the palace where his body lies in state. this is expensive. this is a breakdown of the costs. the statues cost $60 million. inscriptions, $25 million. portraits of kim jong-il, $20 million. that's more than $100 million on memorials in just a year. and it's money north korea north korea doesn't have. how is the country paying for it? well, north koreans have asked to kick in $150 each to pay for the memorials. they don't have the money. and north korea north korea is going to borrow some of it from countries like russia at rates as high as 40%. that's a lot of money for any country, especially one like north korea north korea. a u.n. report estimates two-t
Dec 12, 2012 9:00am PST
, kim jong-un, would pick a different path than his father, that he would be more moderate. i think still there's possibilities of dialogue. i'm not sure when. i think he did this for domestic reasons. the last missile launch failed. he only has one year in leadership. he wants to show his people that despite their economic problems, they have military and missile technolo technology, that they're a major power in space, militarilmilita buttress themselves with the north korean military. it was mainly a domestic shot he took, but also he said to the world, you have to deal with me. i'm a major player. >> so it's for domestic audience largely here. should the united states and should others be worried this launch could mean there's a capability to hit the western coast of the united states? is that a concern what actually was accomplished here beyond the politi politics? >> it was a violation of missile launches, number one. so there will be action by the security council. i don't think they have the capability to reach the united states right now, but obviously, their missile techno
Dec 12, 2012 11:00am PST
and then suddenly on calendar, e for many, and kim jong-il got very lucky. the three latest attempts had all failed. and this one appears, appears to be a success. something is in orbit. >> we know the rocket range is something like 5,000, 6,000 kilometers. what does the distance tell you? >> well, it is technology. it is a three stage rocket. that's what is significant here. >> tells you it is advanced. >> this is 1950s scud technology they built, a lot of people thought they would never get this far with it. but they made incremental advances. so in that sense, it poses a threat. remember, while they were celebrating in the streets of pyongyang, there were probably also celebrating in the control rooms in iran because those two share their missile technology. >> what about ally, china? china -- >> that was a big surprise. >> let me quote, expressed regret, quote/unquote. regret from china? >> china has been their backer, tried to support them quietly in all these talks. but for them to come out today and say we regret that this happened -- >> north korea further isolating themselves. >> further i